Worried about the heat, Darden to keep analysts out of the kitchen

|About: Darden Restaurants, Inc. (DRI)|By:, SA News Editor

Darden Restaurants (DRI) has received negative press in the past for shutting out analysts who are critical of management, and those calls likely will intensify after the company says it is canceling its analyst and investor meeting scheduled for later this month.

"When there are problems and they don't want to take difficult questions, they shut down management access," Hedgeye analyst Howard Penney says.

Activist investor Starboard Value, which owns 5.5% of DRI shares, and Barrington Capital, with a ~2% stake, have said DRI's plan to spin off Red Lobster should be delayed and put to a shareholder vote.